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220 E 23rd St, New York, NY...

Button Leases 13000 Square Feet At 220 E 23rd St New York From ELK Investors
LEASEDOffice

Button Leases 13000 Square Feet At 220 E 23rd St New York From ELK Investors

220 E 23rd St, New York, NY, 10010

Building Size

13,000 SF

Asset Type

Office

Closing

Jul 17, 2017

AI

The property involved in this transaction is situated at 220 E 23rd St, New York, NY, 10010. This lease transaction encompasses a space measuring 13,000 square feet, located within the New York market, emphasizing its suitability for business operations.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Square Feet: 13,000
  • Address: 220 E 23rd St, New York, NY, 10010
  • Tenant: Button
  • Landlord: ELK Investors
  • Tenant's Representative: Matthew Geery - Capstone Realty Advisors
  • Landlord's Representative: Joseph McLaughlin - Capstone Realty Advisors

The transaction involved key representatives from Capstone Realty Advisors, with Matthew Geery representing the tenant, Button, and Joseph McLaughlin representing the landlord, ELK Investors. Their roles facilitated the successful lease agreement for the property in New York.

Players

Joseph McLaughlin

Capstone Realty Advisors

Broker

1 deal

Broker

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93